90 FR 30 pg. 9628 - Notice of Proposals To Engage In or To Acquire Companies Engaged in Permissible Nonbanking Activities
Type: NOTICEVolume: 90Number: 30Page: 9628
Page: 9628FR document: [FR Doc. 2025-02658 Filed 2-13-25; 8:45 am]
Agency: Federal Reserve System
Official PDF Version: PDF Version
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FEDERAL RESERVE SYSTEM
Notice of Proposals To Engage In or To Acquire Companies Engaged in Permissible Nonbanking Activities
The companies listed in this notice have given notice under section 4 of the Bank Holding Company Act (12 U.S.C. 1843) (BHC Act) and Regulation Y, (12 CFR part 225) to engage de novo, or to acquire or control voting securities or assets of a company, including the companies listed below, that engages either directly or through a subsidiary or other company, in a nonbanking activity that is listed in §?225.28 of Regulation Y (12 CFR 225.28) or that the Board has determined by Order to be closely related to banking and permissible for bank holding companies. Unless otherwise noted, these activities will be conducted throughout the United States.
The public portions of the applications listed below, as well as other related filings required by the Board, if any, are available for immediate inspection at the Federal Reserve Bank(s) indicated below and at the offices of the Board of Governors. This information may also be obtained on an expedited basis, upon request, by contacting the appropriate Federal Reserve Bank and from the Board's Freedom of Information Office at https://www.federalreserve.gov/foia/request.htm. Interested persons may express their views in writing on the question whether the proposal complies with the standards of section 4 of the BHC Act.
Comments received are subject to public disclosure. In general, comments received will be made available without change and will not be modified to remove personal or business information including confidential, contact, or other identifying information. Comments should not include any information such as confidential information that would not be appropriate for public disclosure.
Unless otherwise noted, comments regarding the applications must be received at the Reserve Bank indicated or the offices of the Board of Governors, Ann E. Misback, Secretary of the Board, 20th Street and Constitution Avenue NW, Washington, DC 20551-0001, not later than March 3, 2025.
A. Federal Reserve Bank of San Francisco (Joseph Cuenco, Assistant Vice President, Formations & Transactions) 101 Market Street, San Francisco, California 94105-1579. Comments can also be sent electronically to sf.fisc.comments.applications@sf.frb.org:
1. WaFd, Inc., Seattle, Washington; to engage de novo in providing financial and investment advisory activities, including tax-planning and tax-preparation services, and data processing activities through its proposed new wholly-owned subsidiary pursuant to section 225.28(b)(6)(vi) and section 225.28(b)(14)(i) of the Board's Regulation Y.
In addition, WaFd, Inc., also to engage de novo in performing trust company functions, financial and investment advisory activities, agency transactional services for customer investments, and investment transactions as principal through a second proposed new majority-owned subsidiary pursuant to section 225.28(b)(5) and all subsections of sections 225.28(b)(6), 228.28(b)(7), and 225.28(b)(8) of the Board's Regulation Y.
Board of Governors of the Federal Reserve System.
Michele Taylor Fennell,
Associate Secretary of the Board.
[FR Doc. 2025-02658 Filed 2-13-25; 8:45 am]
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